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Mashcka [7]
3 years ago
14

Jan and Sam have all of their 2018 tax documents ready to bring to George to prepare their return. These documents include a W-2

for Jan ($52,300), a W-2 for Sam ($48,700), a state tax refund of $475, canceled debt income of $1,800 for Jan, and state lottery winnings of $2,000. They never itemize deductions. What will be their total on Form 1040, line 7? a. $105.275 b. $104,800 c. $103,275 d. $103,000?
Business
1 answer:
Nonamiya [84]3 years ago
7 0

Answer:

The answer is b. $104,800

Explanation:

W-2 for Jan $52,300+  Sam $48,700 + canceled debt income of $1,800 + state lottery winnings of $2,000 = $104,800

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3 years ago
Five firms are currently producing and selling in a market. When two more firms enter the market, economists expect that the equ
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Decrease, Increase

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3 years ago
promotional strategies that use unconventional means and venues to encourage word of mouth about​ products, such as pop up messa
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Prior to formulating, evaluating, and choosing a market-oriented competitive position that supports the company's aims and marketing objectives, strategic planning entails a review of the company's original strategic condition.

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1 year ago
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